Label

Korea's state-run Korea Expressway Corp. said Friday it has signed a $2.65 million deal with the Cambodian government to improve and build new roadways for the Southeast Asian country.

The clinching of the deal came after Korea Expressway, in a consortium with Korea's Sambo Engineering Co., submitted a proposal to the Cambodian government for a road project there in October last year, it said.

The project calls for the consortium to design and supervise the improvement of two national highways and one local road and the construction of a detour in the Southeast Asian country. Completion of the project, expected to begin next month, is slated for June 2013, the company said in a statement.